
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1803]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                  CHAPTER 17--NORTHERN MARIANA ISLANDS
 
     SUBCHAPTER I--APPROVAL OF COVENANT AND SUPPLEMENTAL PROVISIONS
 
Sec. 1803. Financial assistance to Government of Northern 
        Mariana Islands
        
    Pursuant to section 701 of the foregoing Covenant, enactment of this 
section shall constitute a commitment and pledge of the full faith and 
credit of the United States for the payment of $228 million at 
guaranteed annual amounts of direct grant assistance for the Government 
of the Northern Mariana Islands for an additional period of seven fiscal 
years after the expiration of the initial seven-year period specified in 
section 702 of said Covenant, which assistance shall be provided 
according to the schedule of payments contained in the Agreement of the 
Special Representatives on Future United States Financial Assistance for 
the Government of the Northern Mariana Islands, executed July 10, 1985, 
between the special representative of the President of the United States 
and the special representatives of the Governor of the Northern Mariana 
Islands. The islands of Rota and Tinian shall each receive no less than 
a \1/8\ share and the island of Saipan shall receive no less than a \1/
4\ share of annualized capital improvement project funds, which shall be 
no less than 80 per centum of the capital development funds identified 
in the schedule of payments in paragraph 2 of part II of the Agreement 
of the Special Representatives. Funds shall be granted according to such 
regulations as are applicable to such grants.

(Pub. L. 94-241, Sec. 3, as added Pub. L. 99-396, Sec. 10, Aug. 27, 
1986, 100 Stat. 840.)

                       References in Text

    The Covenant, referred to in text, is the Covenant to Establish a 
Commonwealth of the Northern Mariana Islands in Political Union with the 
United States of America, which is contained in section 1 of Pub. L. 94-
241, set out as a note under section 1801 of this title.

                          Codification

    Section was formerly set out as a note under section 1681 of this 
title.


 Use of Economic Development Loan Funds for Capital Improvement Projects

    Pub. L. 99-396, Sec. 2, Aug. 27, 1986, 100 Stat. 838, authorized use 
of up to $4,000,000 of funds reserved for use by the economic 
development loan fund, as established under section 702(c) of the 
Covenant to Establish a Commonwealth of the Northern Mariana Islands in 
Political Union with the United States of America, 48 U.S.C. 1801 note, 
for capital improvement projects, if such funds became available for use 
by the economic development loan fund, and were not obligated for 
economic development loans.

                  Section Referred to in Other Sections

    This section is referred to in sections 1804, 1805 of this title.
